Tuesday, March 14, 2006

Noooooooo

We are blessed in Luzerne County and NEPA. We have 2 newspapers. Most cities in this country don't. The competition is great. Knight Ridder just sold the Times-Leader and many others to The McClatchy Co. who is planning to sell the TL and the Philly papers.

There has been speculation in recent years that Times-Shamrock, the Scranton-based owner of The Citizens’ Voice and The Scranton Times-Tribune, would acquire the Times Leader. Times-Shamrock officials toured the Times Leader in 1997 before it was sold to Knight Ridder, and then purchased the Voice in 2000......Also, The Associated Press was reporting Monday that in Philadelphia Singleton and a group comprising The Newspaper Guild and investment group Yucaipa Cos. of Los Angeles are interested.

The Guild had expressed interest in buying eight of the 12 newspapers on the block but wasn't successful. On Monday, the union said it would consider buying all the publications being divested.


Let's hope we still have 2 papers.

3 comments:

Bill Fitzpatrick said...

Its usless in Philly becuase they re the same company, and the timesleader is muc better then the CV, So I hope this not happen, but I would have no problem if the CV went down

Doctor Rick said...

The Times Liberal is a GREAT paper compared to many I have read. The CV employs my best friend. I hope neither goes, good competition.

pope george ringo said...

RUMOR HAS IT THAT TIMES SHAMROCK IS INTERESTED IN PURCHASING THE TL. AS TS ALREADY OWNS THE CV THE MOVE WOULD INSURE A ONE PAPER TOWN AS IT WOULD BE FOOLHARDY TO COMPETE WITH ONESELF.